BAB Business Summary

BAB, Inc. (BABB) operates as a specialized franchisor and licensor within the quick-service restaurant (QSR) industry, primarily generating revenue through royalty fees, franchise fees, and the sale of proprietary products. The company’s business model is centered on four core brands: Big Apple Bagels, My Favorite Muffin, SweetDuet Frozen Yogurt, and Brewster’s Coffee. As of fiscal year-end 2025, the company reported annual revenues of approximately $3.44 million, maintaining a lean operational structure as a low-cost producer in the breakfast and bakery segment. BAB, Inc. competes directly with larger-scale bagel and coffee chains such as Einstein Bros. Bagels and Bruegger's Bagels, as well as niche franchisors like Noble Roman's, Inc. and Good Times Restaurants Inc., positioning itself as a value-oriented alternative for small-to-medium footprint franchisees. The leadership team is anchored by Michael W. Evans, who has served as President, Chief Executive Officer, and Chairman since the company’s inception, currently holding a significant 19.72% ownership stake. He is supported by Geraldine Conn, who serves as Chief Financial Officer, Treasurer, and Director, bringing over a decade of controllership experience within the firm. In a key 2025 leadership transition, Brian J. Evans was appointed Chief Operating Officer and Corporate Secretary, succeeding the retired Michael Murtaugh. The Board of Directors includes independent members Steven Feldman and James Lentz, who provide oversight for the company’s audit and compensation committees. This seasoned executive core maintains a high average tenure, focusing on a conservative growth strategy and consistent shareholder distributions.